Financing ·
Bitzero Holdings repays $22.38M senior secured loan to JGB Collateral LLC, freeing $2M cash
AIBZBitzero Holdings Inc.
Bitzero Holdings Inc. repaid in full its senior secured loan with JGB Collateral LLC on August 6, 2026. The repayment included approximately US$22,375,000 of outstanding principal and US$45,699.69 of accrued interest. This transaction discharged the loan agreement dated June 27, 2025, releasing all liens on company assets in Norway, North Dakota, and other jurisdictions. Additionally, US$2,000,000 of previously restricted cash became unrestricted and available to the company, and financial covenants ceased to apply. The repayment was funded principally from net proceeds of a private placement of special warrants that closed on July 30, 2026, generating approximately US$24,770,454 in gross proceeds. Bitzero Holdings Inc. operates in the blockchain and cryptocurrency infrastructure industry.